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CBS
Dec 30, 2012 11:00pm PST
. >> they say their biggest prierity is making sure we deal with the deficit but the way we are behaving their only priority is making sure that tax breaks are protected. >> reporter: if a deal is not reached the president wants the democratic-controlled senate to introduce legislation to keep tax cuts for $250,000 a year and keep unemployment benefits. now, the focus is is on the senate. -- focus is on the senate. if by a miracle they reach an agreement there is no certainty that it will be passed by the house. with each passing hour optimism is phasing. reporting live in washington. back to you, ann. >> i think a lot of us have been thinking really there was going to be a last-minute deal. sort of a play unfolding. that is too optimistic now? people are thinking it may not happen? >> reporter: well, you know, it is going to take a lot to come up with an agreement. i mean just look at how long they have been talking about it and it has not been done. now we are a day away before the clock strikes 12? and the automatic cuts take effect. so, yes, optimism is fading, people who on
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